“Big congrats to your daughter—that’s a huge milestone! The downside is that unfortunately, you heard right: according to industry averages, adding your 19-year-old daughter to your car insurance
policy would cost nearly $4,000 a year
The reason for the hefty price tag is that car insurance companies deem teenage drivers a high-risk category. However, there are a couple of ways to save money: if you have a good driving record, try asking your provider about safe driver discounts
or good student discounts
if your daughter is doing well in school.
If you’re not eligible for any discounts, you may want to consider a bicycle or dropping your daughter off where she needs to be if the price tag is too high.
However, sometimes it is actually cheaper to get a new policy that includes both you and your daughter, rather than adding her to an existent one. A great hassle-free way to check this out is with Jerry
—we’ll get you over 50 customized quotes from top-of-the-line providers, so you can make sure you’re getting the best price on the coverage you need. If you do want to switch plans or providers, we’ll help with that, too! That way you can celebrate your daughter’s new license stress-free.